Archives for June 2007
BioLucent Acquired by Hologic for $70 Million
BioLucent, a Aliso Viejo, CA-based company that makes breast cushions for increased comfort during mammographies, has been scooped up by Hologic, a diagnostic imaging company focused on women’s health, for $70 million.
Of utmost importance to the acquisition for Hologic is BioLucent’s MammoPad breast cushion, a radiolucent foam cushion that covers the cold, hard surfaces of […]
FDA Panel to Review Device that Prevents Scar Tissue
SyntheMed, of Iselin, NJ, today got word that an FDA panel will advance the first anti-adhesion product in what the company estimates is a $2 billion portfolio.
On September 19, FDA’s Circulatory System Devices Advisory Panel will review SyntheMed’s pre-market approval application for REPEL-CV Bioresorbable Adhesion Barrier, for use in open-heart surgical procedures. The device is […]
ATS to Acquire Surgical Cryoblation Biz from CryoCath
Minneapolis-based ATS Medical has agreed to acquire the surgical cryoablation business of CryoCath Technologies, a Canadian company that will now focus exclusively on electrophysiology cryoablation. With milestone payments, the agreement could reach $30 million in value.
ATS will pay $22 million in cash at closing, followed by $2 million at certain manufacturing transition milestones, $2 million […]
Amended Agreement Expands Cambridge Heart’s Reach
Cambridge Heart, of Bedford, MA, has amended its marketing agreement with St. Jude Medical in a way that could significantly expand access to tests for determining candidacy for implantable defibrillators.
Under the amended terms, St. Jude will be able to market Cambridge Heart’s HearTwave II Microvolt T-Wave Alternans (MTWA) test in North American primary care and […]
Non-Invasive Glucose Monitor Cleared in Europe
OrSense, a privately held Israeli company, has been cleared in Europe to market its first product, a first-in-class, non-invasive glucose monitor.
The NBM-200G allows diabetics to self monitor their glucose levels without having to penetrate the skin. It’s targeted at patients with demanding need for glycemic control, in cases such as brittle, nocturnal and gestational diabetes. […]
Molecular Diagnostics Have Edge in Med Tech Sector
Companies developing molecular and specialty diagnostics are poised to outperform other sectors of medical technology in the coming years, according to an article that ran over the weekend in the Milwaukee Journal Sentinel.
“The reason they work is they’re very steady in their performance, and many generate cash and have good barriers to entry,” Quintin Lai, […]
Seeking Partners for Melanoma-Detection Device
With its final pivotal trial moving along as planned, Irvington, NY-based Electro-Optical Sciences is actively initiating partnering discussions for its point-of-case melanoma-detection device.
MelaFind is a handheld imaging device that emits 10 different wavelengths of light up to 2.5mm deep into the skin in order to capture images of suspicious pigmented skin lesions. This data […]
FDA Clears Thumb Implant for Osteoarthritis
Small Bone Innovations (SBi), a New York, NY, company focused exclusively on small bone and joint orthopedic devices, has received FDA clearance to market a new implant for osteoarthritis at the base of the thumb. The product, Artelon CMC Spacer Arthro, is an extension of SBi’s existing line of carpal metacarpal spacers for base-of-thumb osteoarthritis.
SBI, […]
NeuroVasx Submits 501(k) for Cerebral Aneurysm Device
NeuroVasx, a Maple Grove, MN, company that makes devices for hemorrhagic and ischemic stroke, has submitted a 510(k) application for a new device that treats cerebral aneurysms.
The cPAX Aneurysm Treatment System is an aneurysm filler device, which, through a micro-catheter, delivers a polymeric strand into the aneurysm. It’s fully retrievable prior to detachment, and […]
Sontra Medical Closes $1 Million Financing
Sontra Medical Corporation, a Franklin, MA company focused on transdermal drug delivery and diagnosis, has closed $1 million in financing. Internal sources — a board member and an executive — contributed $105,000 of the sum. Sontra issued one-million $1 units; additional closings, where the company would issue more units with the same terms, may occur […]
